Stock Update: Qualcomm Incorporated (NASDAQ:QCOM) – Qualcomm and Medtronic Team Up to Tackle Diabetes

[at Investopedia] – In the coming years, the Internet of Things is expected to play a key role in improving global health, and Qualcomm (NASDAQ: QCOM) intends to be a leading player in that process. Qualcomm’s IoT efforts … Read more on this. QUALCOMM Incorporated (QCOM) , with a current value of $81.88B, started the session at $55.97. A quick look at the market, the company’s stock traded between $55.51 and $56.14 with a one year range of $42.24 to $71.32. QCOM shares are currently priced at 13.72x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -1.93x earnings multiple for the same period. The company pays shareholders $2.12 per share in dividend income per year, for a current yield of 3.91%. In a review of the consensus earnings estimate this quarter, 25 sell-side analysts are looking at $0.96 per share, which would be $0.03 worse than the year-ago quarter and a $0.06 sequential decrease. Investors should also note that the full-year EPS estimate of $4.08 is a $0.58 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.57 Billion. If reported, that would be a 4.46% decrease over the year-ago quarter. More recently, Credit Agricole Initiated QCOM at Outperform (May 17, 2016). Previously, Rosenblatt downgraded QCOM from Buy to Neutral. The average price target for QCOM shares by the analysts covering it is $56.92, which is 1.70% above where the stock opened. See more in (NASDAQ:QCOM) Similar Articles: Stock Update: Qualcomm Incorporated (NASDAQ:QCOM) – Will Qualcomm Lose Out on Apple’s iPhone? (QCOM, AAPL) Company Update: Qualcomm Incorporated (NASDAQ:QCOM) – Has Qualcomm Become a Value Stock? (QCOM) Market Update: Qualcomm Incorporated (NASDAQ:QCOM) – Here’s Why Qualcomm (QCOM) Stock is Down Today